Jens Voges will work from the Cologne office.
It is being launched to UK-based companies with liability limit of up to £25mn ($31.3mn).
Marc van der Veer will help continue the strategy of buying niche European specialty MGAs.
Joshua Brekenfeld will report directly to Aspen chairman and CEO Mark Cloutier.
Texas-based Aspen MGA has brought on board Melody Johnson as director of underwriting.
The money will fund charities focussing on education and social mobility.
CEO John Neal predicts a fundamental change in the provision of motor insurance within five years.
Spragg joins the carrier from consulting firm Alvarez & Marsal, and fills a role previously held by Joseph Shores.
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